Judicial principle — Kuwait Court of Cassation

Kuwait Court of Cassation principle number 3649

State of Kuwait · Commercial and Labour — Volume 9 · Ministry of Justice — Court of Cassation — Technical Office

English translation of the principle

Statutory interest. Its running from the time the debt falls due. Its criterion. - Statutory interest. Its nature: compensation for delay in fulfilling an obligation to pay a sum of money.
Arabic original
الفوائد القانونية. سريانها من وقت استحقاق الدين. مناطه. - الفوائد القانونية. ماهيتها: تعويض عن التأخر في الوفاء بالالتزام بمبلغ نقدي.
Original Arabic judgment citations

(الطعن ٣٠٦/٩٥ تجاري جلسة ١٠/٣/١٩٩٧ مج القسم الرابع - المجلد الرابع ص ٨٩١)

Source: Court of Cassation legal principles collection — Commercial and Labour — Volume 9 — Ministry of Justice — Court of Cassation — Technical Office. Printed page 617. PDF pages: 617.

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